Furniture Trade Grows by Feeble 1.6%

CompaniesRetail & Consumer ♦ Published: September 23, 2010; 11:15 ♦ (Vindobona)

Austrian furniture retail-sales reported a growth of just 1.6% and therefore has showed growth for the sixth consecutive time. The low rate is due to products that are actually not furniture.

Furniture Trade Grows by Feeble 1.6% / Picture: ©

Lifestyle products and household goods account for about one third of the sales.

The largest growth segment was furnishing equipment and household goods such as vases, mirrors, and dishwashers. Its share in total sales is now 38%.

"The Austrian furniture retailer could develop better than expected," comments Michael Oberweger of RegioPlan, the publisher of the…